An overdraft account will be set up with India Infoline Finance Limited. This account will have a certain drawing limit, which you can utilise as and when required. Drawing limit depends upon the quality and quantity of the security units pledged by you.

You will be charged a nominal processing fee. The interest will be charged only on the amount you draw and for the period that you draw it. Also, the interest will be charged on a daily basis, but will be debited to your account only once a month/quarter.